Leases and Other Commitments (Tables)

3 Months Ended

Oct. 03, 2025

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table presents right-of-use lease assets and lease liabilities included in the Company’s Condensed Consolidated Balance Sheets:

	October 3, 2025		June 27, 2025
	(in millions)
Operating lease right-of-use assets (included in Other non-current assets)	$	116	$	123
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)	29		31
Long-term operating lease liabilities (included in Other liabilities)	103		110
Total operating lease liabilities	$	132	$	141

Schedule of Supplemental Cash Flow

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions)
Cost of operating leases	$	9	$	10
Cash paid for operating leases	10		11
Operating lease assets obtained in exchange for operating lease liabilities	—		5

The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:

	October 3, 2025		June 27, 2025
Weighted average remaining lease term in years	6.0		6.1
Weighted average discount rate	5.0	%	5.0	%

Schedule of Minimum Lease Payments

As of October 3, 2025, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Remaining nine months of 2026	$	25
2027	30
2028	23
2029	18
2030	12
Thereafter	46
Total future minimum lease payments	154
Less: imputed interest	22
Present value of lease liabilities	$	132

Schedule of Minimum Long-Term Commitments

As of October 3, 2025, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Remaining nine months of 2026	$	35
2027	27
Total	$	62